senate Bill S3403A

2019-2020 Legislative Session

Relates to unlawful dealing in real property

download bill text pdf

Sponsored By

Current Bill Status - On Floor Calendar


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 29, 2019 amended on third reading 3403a
May 22, 2019 advanced to third reading
May 21, 2019 2nd report cal.
May 20, 2019 1st report cal.809
Feb 06, 2019 referred to codes

Votes

view votes

May 20, 2019 - Codes committee Vote

S3403
9
3
committee
9
Aye
3
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 20, 2019

aye wr (1)

Co-Sponsors

S3403 - Details

Law Section:
Penal Law
Laws Affected:
Add §190.95, Pen L

S3403 - Summary

Relates to unlawful dealing in real property, when a person uses material governmental information, which he or she knows or has reason to know is non-public, to purchase or sell real property; class A misdemeanor.

S3403 - Sponsor Memo

S3403 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3403

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 6, 2019
                               ___________

Introduced  by Sen. GIANARIS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Codes

AN ACT to amend the penal law, in relation to unlawful dealing  in  real
  property

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The penal law is amended by adding a new section 190.95  to
read as follows:
§ 190.95 UNLAWFUL DEALING IN REAL PROPERTY.
  A  PERSON  IS  GUILTY  OF  UNLAWFUL DEALING IN REAL PROPERTY WHEN SUCH
PERSON USES MATERIAL GOVERNMENTAL INFORMATION WHICH HE OR SHE  KNOWS  OR
HAS REASON TO KNOW IS NON-PUBLIC TO PURCHASE OR SELL REAL PROPERTY BASED
ON AN EXPECTED CHANGE IN VALUE OF SUCH PROPERTY RELATING TO SUCH MATERI-
AL  GOVERNMENTAL  INFORMATION.  FOR  PURPOSES OF THIS SECTION, "MATERIAL
GOVERNMENTAL INFORMATION" IS ANY MATERIAL INFORMATION ABOUT THE  CERTAIN
AWARDING  OR APPROVAL OF TAX INCENTIVES, TAX ABATEMENT, PAYMENTS IN LIEU
OF TAXES, BONDS, NOTES, LOANS, GRANTS, REBATES, CONTRACTS, LAND  USE  OR
ENVIRONMENTAL  DECISIONS,  INCLUDING  BUT  NOT  LIMITED  TO PLANNING AND
ZONING APPROVALS AND STATE ENVIRONMENTAL QUALITY REVIEW ACT STATUTES AND
REGULATIONS, BY ANY STATE OR LOCAL GOVERNMENTAL ENTITY INCLUDING BUT NOT
LIMITED TO  AUTHORITIES,  BOARDS,  COMMISSIONS,  INDUSTRIAL  DEVELOPMENT
AGENCIES, AND REGIONAL ECONOMIC DEVELOPMENT COUNCILS.
  UNLAWFUL DEALING IN REAL PROPERTY IS A CLASS E FELONY.
  § 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06859-01-9

Co-Sponsors

S3403A (ACTIVE) - Details

Law Section:
Penal Law
Laws Affected:
Add §190.95, Pen L

S3403A (ACTIVE) - Summary

Relates to unlawful dealing in real property, when a person uses material governmental information, which he or she knows or has reason to know is non-public, to purchase or sell real property; class A misdemeanor.

S3403A (ACTIVE) - Sponsor Memo

S3403A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3403--A
    Cal. No. 809

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 6, 2019
                               ___________

Introduced  by  Sens. GIANARIS, RAMOS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Codes -- reported
  favorably from said committee, ordered to  first  and  second  report,
  ordered  to  a third reading, amended and ordered reprinted, retaining
  its place in the order of third reading

AN ACT to amend the penal law, in relation to unlawful dealing  in  real
  property

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The penal law is amended by adding a new section 190.95  to
read as follows:
§ 190.95 UNLAWFUL DEALING IN REAL PROPERTY.
  A  PERSON  IS  GUILTY  OF  UNLAWFUL DEALING IN REAL PROPERTY WHEN SUCH
PERSON USES MATERIAL GOVERNMENTAL INFORMATION WHICH HE OR SHE  KNOWS  OR
HAS REASON TO KNOW IS NON-PUBLIC TO PURCHASE OR SELL REAL PROPERTY BASED
ON AN EXPECTED CHANGE IN VALUE OF SUCH PROPERTY RELATING TO SUCH MATERI-
AL  GOVERNMENTAL  INFORMATION.  FOR  PURPOSES OF THIS SECTION, "MATERIAL
GOVERNMENTAL INFORMATION" IS ANY MATERIAL INFORMATION ABOUT THE  CERTAIN
AWARDING  OR APPROVAL OF TAX INCENTIVES, TAX ABATEMENT, PAYMENTS IN LIEU
OF TAXES, BONDS, NOTES, LOANS, GRANTS, REBATES, CONTRACTS, LAND  USE  OR
ENVIRONMENTAL  DECISIONS,  INCLUDING  BUT  NOT  LIMITED  TO PLANNING AND
ZONING APPROVALS AND STATE ENVIRONMENTAL QUALITY REVIEW ACT STATUTES AND
REGULATIONS, BY ANY STATE OR LOCAL GOVERNMENTAL ENTITY INCLUDING BUT NOT
LIMITED TO  AUTHORITIES,  BOARDS,  COMMISSIONS,  INDUSTRIAL  DEVELOPMENT
AGENCIES, AND REGIONAL ECONOMIC DEVELOPMENT COUNCILS.
  UNLAWFUL DEALING IN REAL PROPERTY IS A CLASS A MISDEMEANOR.
  § 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06859-03-9

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